STEPS FOR PERSONAL FINANCIAL PLANNING
Success in personal finance is not a sprint, but a journey. If you don't start, you can never accomplish anything. The basic steps to implement personal financial planning are as follows:
Step 1: Set future financial goals
- What are the financial goals you want to achieve in the future?
Step 2: Evaluate the current financial situation
- Amount of savings, investments, loans?
- Net asset value?
Step 3: Prepare financial plans
- How to achieve financial goals?
- How to save money monthly?
- Learn investment channels that can generate higher profits?
Step 4: Choose your plan and do it
- Advantages and disadvantages of financial plans?
Step 5: Monitor and evaluate the implementation of financial plans
- Is your financial plan working?
Step 6: Monitoring and editing financial plans
- Do you want to change the goal?
- Need to adjust the plan to achieve the set goals?